For the world to stay on track to achieving net zero goals, $1 invested in fossil fuels should attract $2.9 investment in clean energy supplies. This is the position presented in the 2022 Bloomberg New Energy Finance (BloombergNEF) Outlook.
The outlook stated: “For every dollar invested in fossil-energy supplies between now and 2030, $2.9 should be invested in clean energy supplies, such as renewable energy, clean hydrogen, and carbon capture, rising to nearly $10 after 2040. These ratios can provide a guide for financial institutions wishing to align their investing and lending activities to a net-zero trajectory.”
Investments in figures: The outlook says the BloombergNEF net-zero scenario (NZS) implies an investment opportunity of $194 trillion between now and 2050, which implies annual investment from $5.5 trillion a year in the remainder of this decade to $7.4…